Lies, Damned Lies, and Official Federal Statistics

In this article from Harper's Magazine, author Kevin Phillips argues that official federal policy has altered the way that the government collects and reports statistics in order to artificially lower the reported unemployment rate and the rate of inflation.  This "Pollyanna creep" misleads governments, businesses, and individuals making decisions about the U.S. economy, which is in much worse shape than we realize.

Posted by Robin Gault